Indonesian Journal of Economy, Business, Entrepreneuship and Finance

MANAJEMEN PENGEMBANGAN SDM BERBASIS PEMBELAJARAN KONTEKSTUAL TERHADAP PENINGKATAN KOMPETENSI DAN KOMITMEN ORGANISASI

Paeno Paeno — 2026-04-04

This study aims to analyze the effect of human resource (HR) development management based on contextual learning on the improvement of employee competencies and organizational commitment. The research employs a quantitative approach using a survey method, involving 150 respondents consisting of employees and managers in educational and business sector organizations. Data were collected through structured questionnaires and analyzed using multiple linear regression to examine the relationships between variables. The results indicate that the implementation of contextual learning in HR development significantly enhances employee competencies, which in turn contributes to the improvement of organizational commitment. These findings underscore the importance of HR development strategies that emphasize real-world learning experiences, task relevance, and practical application in daily work. The study provides practical implications for HR managers in designing effective development programs to improve human resource quality and strengthen organizational commitment.

PERAN MOTIVASI KERJA DALAM MEMEDIASI PENGARUH LINGKUNGAN KERJA TERHADAP PRODUKTIVITAS KARYAWAN

Nuru Kalumidya Erponis — 2026-04-30

Employee productivity is a strategic issue for organizations because productivity reflects the ability of employees to produce quality output effectively, efficiently, and sustainably. A conducive work environment can support concentration, comfort, cooperation, and work discipline, while poor working conditions may reduce enthusiasm and hinder productivity. Work motivation is positioned as a mediating variable because a supportive work environment does not only affect productivity directly, but also increases employee enthusiasm, commitment, responsibility, and persistence in completing tasks. This article aims to analyze the role of work motivation in mediating the effect of the work environment on employee productivity. This study uses a qualitative literature review method by examining theories and previous studies related to work environment, work motivation, and employee productivity. The results of the discussion indicate that the physical and non physical work environment can strengthen productivity when employees feel motivated to work optimally. Work motivation plays an important role as a psychological mechanism that converts environmental support into productive work behavior. The study recommends that organizations improve workplace facilities, interpersonal relationships, leadership support, reward systems, career clarity, and recognition to strengthen employee motivation and productivity.

STRATEGI PENINGKATAN KINERJA KARYAWAN MELALUI DIGITAL TRAINING DAN KNOWLEDGE MANAGEMENT

Hatim Syayidah Aslami — 2026-04-30

Employee performance improvement has become a strategic agenda for organizations facing digital transformation, changing work patterns, and increasing demands for adaptive capability. Digital training enables organizations to deliver flexible, personalized, measurable, and continuous learning, while knowledge management strengthens the process of identifying, storing, sharing, and applying organizational knowledge. This article aims to examine the strategy for improving employee performance through digital training and knowledge management. The research uses a qualitative literature review method by analyzing concepts, theories, and previous studies related to digital learning, knowledge management, and employee performance. The results of the discussion show that digital training improves employee performance through skill acceleration, learning accessibility, feedback, and work-related competency development. Knowledge management contributes through knowledge sharing, documentation of best practices, organizational memory, and utilization of tacit and explicit knowledge. The integration of digital training and knowledge management creates a continuous learning ecosystem that supports individual capability, work effectiveness, innovation, and organizational productivity. The study recommends that companies develop learning needs analysis, digital learning platforms, knowledge repositories, communities of practice, mentoring systems, performance-based evaluation, and leadership support to optimize employee performance.

PERAN TRANSFORMASI DIGITAL HRM TERHADAP PRODUKTIVITAS KARYAWAN PADA PERUSAHAAN JASA DI INDONESIA

Enjam Hermawan — 2026-04-30

Digital transformation in human resource management has become an important strategic agenda for service companies because service quality, speed, and customer experience are highly dependent on employee productivity. This article aims to analyze the role of Digital HRM transformation in improving employee productivity in service companies in Indonesia. The study uses a qualitative literature review approach by synthesizing relevant concepts of digital HRM, electronic human resource management, human resource information systems, employee experience, and work productivity. The findings indicate that Digital HRM transformation contributes to employee productivity through several mechanisms, namely administrative efficiency, data-based HR decision making, acceleration of learning and development, digital performance management, self-service HR, and stronger employee engagement. However, the implementation of Digital HRM also requires digital readiness, leadership support, data governance, user-friendly systems, and continuous employee capability development. The study concludes that Digital HRM transformation should not be understood merely as technology adoption, but as a strategic redesign of HR processes, work culture, and employee value creation. This article provides managerial implications for service companies in Indonesia to build integrated, ethical, and productivity-oriented Digital HRM practices.

PENGARUH ARTIFICIAL INTELLIGENCE ADOPTION DAN DIGITAL COMPETENCE TERHADAP KINERJA KARYAWAN MELALUI WORK ENGAGEMENT

Fiqoh Afriliani — 2026-04-30

The rapid use of artificial intelligence in organizational activities has encouraged companies to strengthen employee digital competence and work engagement as key drivers of performance. This study aims to analyze the effect of artificial intelligence adoption and digital competence on employee performance through work engagement. The study uses a quantitative explanatory approach with a survey design. The research model positions artificial intelligence adoption and digital competence as independent variables, work engagement as an intervening variable, and employee performance as the dependent variable. Data were analyzed using Structural Equation Modeling based on Partial Least Squares with validity, reliability, coefficient of determination, predictive relevance, and hypothesis testing. The model testing results indicate that artificial intelligence adoption and digital competence have positive effects on work engagement and employee performance. Work engagement also strengthens the relationship between digital capability and employee performance. These findings imply that companies should not only invest in AI-based systems, but also provide structured digital learning, ethical AI guidelines, and engagement-oriented leadership. The study contributes to human resource management literature by integrating technology adoption, digital competence, work engagement, and employee performance in one empirical model.

PENGARUH UMKM TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA PADA TAHUN 2023

Risca Wijayanti — 2026-04-30

The development of Islamic economics with the application of sharia principles in economic activities is starting to be practiced in the field of sharia finance. This started with the establishment of sharia banking, then followed by the emergence of the sharia capital market as an investment tool to attract profits and seek capital. The Jakarta Islamic Index (JII) as the antithesis of the conventional capital market has challenges when carrying out investments using sharia principles, this is because securities in the form of shares are greatly influenced by macroeconomic aspects such as interest rates. So sharia share prices are very sensitive to the dynamics of interest rates. This research seeks to see the extent of the influence of interest rates on sharia sham prices at JII. The method used is VECM analysis to see long-term effects. The results of this research found that the interest rate variable did not significantly influence sharia stock prices in the long term, however the results of the VECM analysis found that there was a negative relationship, meaning that there was still an influence, although not significant. So sharia share prices can still be affected by changes in conventional interest rates.

PENGARUH MANAJEMEN TALENTA DAN WORK-LIFE BALANCE TERHADAP RETENSI KARYAWAN GENERASI Z DI SEKTOR JASA KOTA SERANG: PERAN MEDIASI KEPUASAN KERJA

Cokorda Agung Wibowo — 2026-04-30

The paradox of high unemployment alongside high turnover rates among Generation Z in the service sector requires a targeted human resource strategy. This study investigates the effect of Talent Management and Work-Life Balance (WLB) on Generation Z Employee Retention, with Job Satisfaction acting as a mediating variable. Conducted in the service sector of Serang City, the research employs a quantitative causal-associative design. Data were collected via purposive sampling from 100 Gen Z employees and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) via SmartPLS 4.0. The empirical results demonstrate that Talent Management and WLB significantly and positively impact Job Satisfaction. Furthermore, Talent Management and Job Satisfaction directly influence Employee Retention. However, a critical finding reveals that WLB does not directly affect Employee Retention; it requires Job Satisfaction as a full mediator. Talent management also partially mediates retention through job satisfaction. The study concludes that WLB acts as a hygiene factor, whereas talent development and job satisfaction are the primary drivers of retention. Managerial implications suggest shifting from generic retention strategies to personalized talent development and meaningful work-life integration.

DETERMINASI KETEPATAN WAKTU PELAPORAN KEUANGAN PADA PERUSAHAAN SEKTOR PERBANKAN

Rika Kartika — 2026-04-30

Financial statements must be presented in a timely manner to remain relevant; however, delays still occur. This study examines the effect of profitability and leverage on the timeliness of financial reporting in banking companies listed on the Indonesia Stock Exchange during 2020–2024. A quantitative approach with multiple linear regression is used on 11 companies (55 observations). The results show that partially, profitability (sig 0,564 > 0,05) and leverage ((sig 0,442 > 0,05) have no significant effect (H1 and H2 rejected). However, simultaneously, they have a significant effect (sig 0,042 < 0,05; H3 accepted). The R Square value of 0.205 indicates a 20.5% contribution. In conclusion, profitability and leverage do not affect timeliness individually but have a joint effect with low explanatory power, indicating the influence of other factors such as firm size, liquidity, audit quality, and corporate governance.

EKSPLORASI KESIAPAN UMKM KOTA SERANG DALAM MENERAPKAN STANDAR AKUNTANSI KEUANGAN ENTITAS MIKRO, KECIL, DAN MENENGAH (SAK EMKM)

Mochamad Fahru Komarudin — 2026-04-04

This study aims to explore the readiness of MSMEs in Serang City in implementing the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM). The study employed a descriptive qualitative approach using interviews, observations, and documentation as data collection techniques. Data analysis was conducted using NVivo software to identify the main research themes. The results showed that the readiness of MSMEs in Serang City is still at a developing stage. Most business owners understand the importance of financial recording, but they do not yet fully understand the technical implementation of SAK EMKM. The main obstacles found include low accounting literacy, limited time, lack of administrative staff, insufficient training, and suboptimal use of digital technology. However, most MSME owners showed willingness to adopt better financial recording systems if practical and continuous assistance is provided. This study concludes that the implementation of SAK EMKM among MSMEs in Serang City requires support from local government, academics, and related institutions through training programs, mentoring, and digitalization of financial records. The findings are expected to serve as a policy basis for improving financial management quality and MSME competitiveness in the region.

ANALISIS IMPLEMENTASI GOOD GOVERNANCE DALAM PENGELOLAAN KEUANGAN DESA TIRTAYASA

Efi Tajuroh Afiah — 2026-04-04

This study examined the implementation of good governance principles in the financial management of Tirtayasa Village, focusing on transparency, accountability, and community participation. The problem addressed in this research was the gap between normative governance regulations and their practical application at the village level, particularly in managing public financial resources. A descriptive qualitative approach with a case study method was employed. Data were collected through in-depth interviews, observation, and document analysis involving village officials, members of the Village Consultative Body, and community representatives. The findings showed that transparency had been implemented through formal information disclosure mechanisms, but public understanding of financial information remained limited. Accountability procedures were conducted in accordance with administrative requirements; however, they tended to emphasize compliance rather than performance and social accountability. Community participation occurred mainly during formal planning forums, yet involvement in monitoring and evaluation processes was minimal and dominated by local elites. The study concluded that the implementation of good governance in Tirtayasa Village had progressed at a procedural level but had not fully achieved substantive governance outcomes. Strengthening institutional capacity, improving financial literacy, and enhancing participatory accountability mechanisms were identified as essential steps to improve village financial governance and support sustainable local development.

RANTAI DIGITAL, KEUNTUNGAN OPERASIONAL: Tinjauan Sistematis tentang Tantangan Digitalisasi Rantai Pasokan dan Implikasi Efisiensi Operasional

Munawaroh Munawaroh — 2026-04-04

Digital transformation is fundamentally reshaping supply chain management, promising increased operational efficiency while also presenting implementation challenges that organizations must strategically address. This systematic literature review synthesizes empirical evidence examining the impact of supply chain digitalization on operational efficiency and identifies critical implementation barriers. Following an established review protocol, a comprehensive search across academic databases yielded 24 peer-reviewed publications (2019-2025) that were thematically analyzed. Findings indicate that digitalization technologies including the Internet of Things, artificial intelligence, enterprise resource planning systems, and big data analytics significantly improve operational efficiency through process automation, real-time visibility, predictive analytics, and enhanced stakeholder collaboration. However, organizations face significant challenges, including significant infrastructure investments, workforce capability gaps, vendor dependency risks, data security concerns, scalability complexities, and integration difficulties. The thematic synthesis identified six key challenge categories requiring proactive mitigation strategies. This research provides a systematic evidence synthesis that advances the understanding of supply chain digitalization while providing practical guidance for successful implementation. Organizations must conduct a comprehensive readiness assessment, develop a phased implementation roadmap, invest in workforce development, build a robust cybersecurity framework, and design a flexible and scalable architecture to maximize the benefits of digitalization while minimizing risks. Limitations of this study include the literature review methodology and temporal scope, which indicate the need for longitudinal empirical investigations to more deeply understand implementation dynamics.

PENINGKATAN KINERJA MELALUI DISIPLIN DAN LINGKUNGAN KERJA FISIK (STUDI EMPIRIK PADA KARYAWAN PENYEDIA JASA LAINNYA PERORANGAN RSPON PROF DR MAHAR MARDJONO JAKARTA

Novita Febriana — 2026-04-04

This study aims to examine the effect of work discipline and physical work environment on the performance of PJLP (Individual Other Service Providers) employees at RS PON Prof. Dr. dr. Mahar Mardjono Jakarta. This research used a quantitative method with an associative approach. The sample consisted of 83 respondents selected using a saturated sampling technique. Data were collected through questionnaires and direct field observations. The data analysis techniques included validity tests, reliability tests, classical assumption tests, multiple linear regression analysis, coefficient of determination, and hypothesis testing (t-test and F-test) using IBM SPSS version 27. The results of the study show that the regression equation obtained was Y = 5.167 + 0.856X₁ + 0.066X₂. Work discipline has a positive and significant effect on employee performance with a significance value of 0.000 < 0.05, while the physical work environment partially does not have a significant effect with a significance value of 0.538 > 0.05. However, simultaneously, work discipline and physical work environment have a significant effect on employee performance with a significance value of 0.000 < 0.05. The coefficient of determination (R² = 0.561) indicates that 56.1% of the variation in employee performance can be explained by work discipline and physical work environment, while the remaining variation is influenced by other factors outside this study.

PENGARUH IKLIM ORGANISASI, KEDISPLINAN DAN LINGKUNGAN KERJA TERHADAP KINERJA MELALUI EFIKASI DIRI PT ISS CABANG SOUTH QUARTER JAKARTA SELATAN

Muhammad Nur Ali — 2026-04-04

Muhammad Nur Ali: The Influence of Organizational Climate, Discipline and Work Environment on Performance Through Self-Efficacy of PT ISS South Quarter Branch, South Jakarta. The purpose of this research is to determine the influence of organizational climate, discipline and work environment on performance through self-efficacy of PT ISS Indonesia South Quarter Branch, South Jakarta. The method in this research is survey research with a quantitative approach, assessment based on numbers using statistical calculations, using Saturated Sampling/census techniques. This research used a sample of 114 employees. Data was processed using the SEM, Smart PLS, 3.0 method.The research results show that the Organizational Climate variable (X1) directly has no effect on Self-Efficacy (Z), Discipline (X2) directly has a significant positive effect on Self-Efficacy (Z), Work Environment (X3) directly has no effect on Self-Efficacy ( Z), Organizational Climate (X1) and, Discipline (X2) do not directly have a significant positive effect on Performance (Y), Work Environment (X3) directly has a positive and significant effect on Performance (Y), and Self-Efficacy (Z) directly does not directly have a significant effect on Performance (Y) at PT ISS South Quarter Branch, South Jakarta.

PENGARUH INSENTIF DAN KOMPETENSI TERHADAP KINERJA GURU DENGAN MOTIVASI KERJA SEBAGAI VARIABEL INTERVENING PADA SEKOLAH MENENGAH PERTAMA (SMP) DI KECAMATAN GROGOL KOTA CILEGON

Ahmad Halabi — 2026-04-04

This study aims to determine the effect of incentives and competence on teacher performance with work motivation as an intervening variable in Junior High Schools in Grogol District, Cilegon City. The research method used is descriptive-quantitative research. This research method is an associative type of research. The population and sample size are 106. The results of this study are that incentives have a significant effect on performance of 69.3% (path coefficient 0.541). Competence has a significant effect on performance of 50.3% (path coefficient 0.202). Incentives have a significant effect on work motivation of 38.2% (path coefficient 0.243). Competence has a significant effect on work motivation of 44.3% (path coefficient 0.345). Work motivation has a significant effect on performance of 48.2% (path coefficient 0.187). Incentives do not significantly influence teacher performance through work motivation (path coefficient 0.045). Competence does not significantly influence teacher performance through work motivation (path coefficient 0.081). In conclusion, incentives and competence significantly influence teacher performance, incentives significantly influence work motivation, and work motivation significantly influences teacher performance. However, incentives and competence do not significantly influence teacher performance through work motivation as an intervening variable in junior high schools in Grogol District, Cilegon City.

PENGARUH DISIPLIN KERJA DAN KOMITMEN ORGANISASI TERHADAP PRODUKTIVITAS KERJA KARYAWAN YANG BERDAMPAK TERHADAP KINERJA KARYAWAN PADA PT SINERGI KALIBRASI NUSANTARA TANGERANG SELATAN

Argosawwa Rizqahu — 2026-04-04

The purpose of this study is to determine the Influence of Work Discipline and Organizational Commitment on Employee Work Productivity which has an impact on Employee Performance at PT Sinergi Kalibrasi Nusantara South Tangerang. The method used is quantitative. The sampling technique used saturated samples and a sample of 100 respondents was obtained. Data analysis using validity test, reliability test, classical assumption test, regression analysis, determination coefficient and hypothesis test The results of this study are that work discipline has an effect on work productivity with a determination coefficient value of 87.1% and the hypothesis test obtained t count > t table or (25.709 > 1.984). Organizational commitment has an effect on work productivity with a determination coefficient value of 34.8% and hypothesis test obtained t count > t table or (7.233 > 1.984). Work discipline and organizational commitment simultaneously affect work productivity with a determination coefficient value of 87.7% with a hypothesis test obtained with a value of F calculated > F table or (34.695 > 3.080). The impact of work productivity on employee performance showed a good impact with a terminated coefficient value of 27.1 % with a hypothesis obtained t > t table or (6.033 > 1.984).

STRATEGI PEMASARAN BERBASIS DATA PELANGGAN UNTUK MENINGKATKAN LOYALITAS KONSUMEN

Joko Prasetiyo — 2026-04-04

The increasing availability of customer data in the digital era has encouraged organizations to adopt data-driven marketing strategies to enhance consumer loyalty. This study aims to examine the effect of customer data–based marketing strategies on consumer loyalty, particularly in the context of Indonesian small and medium-sized enterprises (SMEs). A quantitative research approach was employed by distributing structured questionnaires to SME consumers, and the collected data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The results indicate that data-driven marketing strategies have a significant positive impact on consumer loyalty, mediated by personalized marketing communication and perceived service quality. These findings highlight the importance of effective customer data management and analytics capabilities in improving customer retention and building sustainable competitive advantages. This study contributes to the marketing literature by providing empirical evidence on the role of customer data utilization in strengthening consumer loyalty within emerging market contexts.

MODEL MANAJEMEN SDM DALAM IMPLEMENTASI ESG (ENVIRONMENTAL, SOCIAL, GOVERNANCE) DI PERUSAHAAN INDONESIA

Johan Maulana — 2026-04-04

The implementation of Environmental, Social, and Governance (ESG) principles has become a strategic imperative for companies in Indonesia in response to regulatory pressures, stakeholder demands, and the need for long-term sustainability. However, ESG implementation has not yet been systematically integrated into Human Resource Management (HRM) practices. This study aims to analyze and formulate an effective HRM model to support ESG implementation in Indonesian companies. The research employs a qualitative approach using a literature review and case study design involving several companies that have adopted ESG principles. Data were collected through document analysis, sustainability reports, and in-depth interviews with HR practitioners and sustainability managers. The findings indicate that ESG implementation through HRM can be optimized by integrating sustainable recruitment policies, developing green competencies, applying sustainability-based performance appraisal systems, fostering an ethical and inclusive work culture, and strengthening transparent and accountable HR governance. The proposed ESG-based HRM model is able to enhance organizational performance, corporate reputation, and employee commitment to sustainability. This study contributes theoretically to the development of a sustainable HRM model and provides practical implications for companies and policymakers in strengthening ESG implementation in Indonesia.

FOOD-ENERGY PRICE DYNAMICS: ANALISIS PENGARUH FLUKTUASI HARGA KOMODITAS PANGAN DAN HARGA ENERGI TERHADAP INFLASI DI INDONESIA 2014 – 2024

Rr. Halimatu Hanna — 2026-04-04

Food, which is all-time good and energy which is a universal intermediary good, remain highly relevant for ongoing research and development. The primary essence of this study is to examine the short-term and long-term effects of rice prices, the world food price index, the transportation price index, the housing, water, electricity, and household fuel price index (IHPL), as well as Brent crude oil prices, on the consumer price index (CPI). The Autoregressive Distributed Lag (ARDL) method is employed to analyze the dynamic relationships among these variables. The data span ten years (January 2014 – December 2024) to depict prevailing economic phenomena. The findings reveal that, in the short term, IHPL and Brent oil prices are significant determinants of CPI movements in Indonesia. IHPL exhibits a dominant and complex influence, while Brent oil prices exert a significant impact with a one-period lag (lag 1). In contrast, rice prices, the world food price index, and the transportation price index show no significant effects on CPI in either the short or long term.

PENGARUH LITERASI KEUANGAN DAN PENGGUNAAN DOMPET DIGITAL TERHADAP PERILAKU MANAJEMEN KEUANGAN PRIBADI MAHASIWA FAKULTAS EKONOMI UNIVERSITAS NEGERI MEDAN

Mawarni Manalu — 2026-04-04

This study aims to explore the impact of financial literacy and digital wallet utilization on how students manage their personal finances at the Faculty of Economics, State University of Medan. This study was conducted using quantitative methods, with questionnaires distributed to 45 respondents, and data analysis was performed using multiple linear regression using SPSS software. The findings of this study indicate that financial literacy contributes positively and significantly to students' attitudes towards personal financial management, while digital wallet utilization does not appear to have a significant effect. However, when both variables are analyzed simultaneously, they both have a significant impact, contributing 38.2%. This indicates that financial literacy is a crucial element influencing how students manage their finances, while digital wallet utilization serves as a tool whose effects are highly dependent on how it is used.

PENGARUH KEBIJAKAN HUTANG DAN PERTUMBUHAN PENJUALAN TERHADAP PERTUMBUHAN LABA PADA PT LINK NET TBK PERIODE 2015-2024

Hilda Destiana Putri — 2026-04-04

This study aims to examine the effect of Debt Policy and Sales Growth on Profit Growth at PT Link Net Tbk during the period 2015–2024, both partially and simultaneously. The research employs a quantitative method with an associative approach. The population consists of the financial statements of PT Link Net Tbk for the period 2015–2024, while the sample is derived from balance sheet and income statement data for the same period. Data were collected by downloading the company’s financial statements from the official website. The data analysis techniques include descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, correlation analysis, coefficient of determination analysis, and hypothesis testing. The results show that partially, Debt Policy measured by the Debt to Asset Ratio (DAR) has a positive and significant effect on profit growth. Meanwhile, Debt Policy measured by the Debt to Equity Ratio (DER) has a negative and significant effect on profit growth. Sales Growth does not have a significant effect on profit growth. Simultaneously, Debt Policy and Sales Growth have a significant effect on Profit Growth. The coefficient of determination value of 0.912 indicates that 91.2% of profit growth can be explained by Debt Policy and Sales Growth, while the remaining 8.8% is influenced by other variables not examined in this study